Britain has doubled rig inspections. Bulgaria scrapped plans for a new oil pipeline. Chinese and French oil giants are upgrading equipment and procedures designed to prevent spills.
As oil continues to gush into the Gulf of Mexico, nations around the globe are taking a cue from this cautionary tale and ratcheting up their oversight of the industry.
“We must also deal with the possibility of an accident near our shores,” EU Commission President Jose Manuel Barroso told the European Parliament in Strasbourg last week. “Drilling techniques have similarities even if the waters are much shallower in the North Sea.”
Canada’s offshore regulator is tightening oversight of its deepest-ever exploration well, being drilled by Chevron off the coast of Newfoundland. Meanwhile, China National Offshore Oil Corp says it is upgrading its blowout preventer system and diving equipment for a drilling rig being built in Shanghai.
France’s Total has formed two task forces to check facilities and strengthen contingency plans for any potential major pollution.
“We all saw what is happening in the Gulf of Mexico,” Bulgarian Prime Minister Boiko Borisov said.
The Bulgarian government canceled a new pipeline that would have carried Russian oil to Greece following resistance from residents of the Black Sea town of Burgas, where the pipeline was to start.
The Gulf catastrophe has also sparked a debate over the practice of deepwater drilling itself — with some viewing the spill as reason to ban it altogether.
“The very first victims were the fishermen in Louisiana,” the mass-circulation JoongAng newspaper in South Korea, where Transocean’s Deepwater Horizon rig was built, said in an editorial on Sunday. “But no one on earth is free from the impact of this disaster.”
The scrutiny reflects growing unease about firms seeking to drill farther out to sea and deeper than ever before. The process is expensive, risky and largely uncharted, highlighted by BP’s use of untested methods to try to stem the Gulf spill.
The most dramatic response has been in the US, which has banned offshore drilling in depths of 150m or more until late November. In addition, the regulatory body that oversees deepwater drilling is being overhauled, new permits will likely be tougher to come by and new safety measures are expected to be mandated.
US companies such as ConocoPhillips are reviewing safety measures while awaiting the results of investigations into the causes of the Gulf disaster. Others, including Anadarko Petroleum Corp, which has a 25 percent stake in BP’s gushing well, may relocate rigs idled by the US drilling ban to Brazil, which has been pushing ahead with its potentially lucrative deepwater fields in the Atlantic.
Reaction has been more muted in the oil-rich Middle East.
The spill is a “big problem, but it is not crisis,” said Shukri Ghanem, the head of Libya’s National Oil Corp, who serves as the North African nation’s de facto oil minister.
PEACE AT LAST? UN experts had warned of threats and attacks ahead of the voting, but after a turbulent period, Bangladesh has seemingly reacted to the result with calm The Bangladesh Nationalist Party (BNP) yesterday celebrated a landslide victory in the first elections held since a deadly 2024 uprising, with party leader Tarique Rahman to become prime minister. Bangladesh Election Commission figures showed that the BNP alliance had won 212 seats, compared with 77 for the Islamist-led Jamaat-e-Islami alliance. The US embassy congratulated Rahman and the BNP for a “historic victory,” while India praised Rahman’s “decisive win” in a significant step after recent rocky relations with Bangladesh. China and Pakistan, which grew closer to Bangladesh since the uprising and the souring of ties with India, where ousted Bangladeshi prime minister Sheikh Hasina
FAST-TRACK: The deal is to be sent to the legislature, but time is of the essence, as Trump had raised tariffs on Seoul when it failed to quickly ratify a similar pact Taiwan and the US on Thursday signed a trade agreement that caps US tariffs on Taiwanese goods at 15 percent and provides preferential market access for US industrial and agricultural exports, including cars, and beef and pork products. The Taiwan-US Agreement on Reciprocal Trade confirms a 15 percent US tariff for Taiwanese goods, and grants Taiwanese semiconductors and related products the most-favorable-treatment under Section 232 of the Trade Expansion Act, the Executive Yuan said. In addition, 2,072 items — representing nearly 20 percent of Taiwan’s total exports to the US — would be exempt from additional tariffs and be subject only to
The Taiwan Space Agency (TASA) yesterday released the first images from its Formosat-8A satellite, featuring high-resolution views of Hsinchu Science Park (新竹科學園區), Tainan’s Anping District (安平), Kaohsiung’s Singda Harbor (興達港), Japan’s National Stadium in Tokyo and Barcelona airport. Formosat-8A, named the “Chi Po-lin Satellite” after the late Taiwanese documentary filmmaker Chi Po-lin (齊柏林), was launched on Nov. 29 last year. It is designed to capture images at a 1m resolution, which can be sharpened to 0.7m after processing, surpassing the capabilities of its predecessor, Formosat-5, the agency said. It is the first of TASA’s eight-satellite Formosat-8 constellation to be sent into orbit and
President William Lai (賴清德) yesterday approved a special pardon exempting a woman in her 80s convicted of killing her disabled son from imprisonment. After carefully reviewing the case, Lai pardoned Lin Liu Lung-tzu (林劉龍子) from the prison sentence while acknowledging her conviction, citing the extreme circumstances she faced, Presidential Office spokeswoman Karen Kuo (郭雅慧) said in a statement. Under Article 3 of the Amnesty Act (赦免法), the two kinds of pardons are exempting an offender from the execution of a punishment or declaring the punishment to be invalid. Kuo said Lin Liu had spent more than 50 years caring for her son, before